Imperfect Competition in Certification Markets
نویسندگان
چکیده
منابع مشابه
Imperfect Competition in Selection Markets∗
Standard policies to correct market power and selection can be misguided when these two forces co-exist. Using a calibrated model of employer-sponsored health insurance, we show that the risk adjustment commonly used by employers to offset adverse selection often reduces the amount of high-quality coverage and thus social surplus. Conversely, in a model of subprime auto lending calibrated to Ei...
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Article history: Received 20 June 2011 Available online 28 November 2013 JEL classification: C78 D43 L13
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1998
ISSN: 1556-5068
DOI: 10.2139/ssrn.94052